BitTorrent Only Has Weeks Left For Massive Bullish Action |800%+

22 dic 2019

If you remember a few months back, basically all of the altcoins were showing bearish indicators even when they were moving up with good momentum.

Here we have BitTorrent (BTTBTC), which is running out of time for the buyers, sitting at its lowest prices yet, we have a strong RSI (above 50) and the MACD also entering the bullish zone.

So now we have a bearish altcoin with indicators turning bullish, a sign that the bottom is either in or close... Most likely the bottom is already in, not sure but there is something we can be 100% sure, and that is the massive bullish action that is about to come.

A new low was hit recently -which can be read about in the previous analysis-, it was tested again yesterday and held as support.

We can see BTTBTC still trading above EMA10 and EMA50 while these are starting to curve.

We have little volume and consolidation is still going on. Looking at the other altcoins and the signals from this chart, it is very likely that this will move within a month.

Namaste.
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If you would like to see BitTorrent vs Tether (BTTUSDT), click the image below:

Previous analysis: BitTorrent vs Bitcoin | New Low Hit | When Will It Grow? (745%+)

THIS IS NOT FINANCIAL ADVICE.